Reference no: EM132542007
Question 1: Bellingham Company produces a product that requires 2.3 standard pounds per unit. The standard price is $3.70 per pound. 15,700 units used 35,100 pounds, which were purchased at $3.90 per pound.
a. Direct materials price variance =
b. Direct materials quantity variance =
c. Direct materials cost variance =
Question 2: Bellingham Company produced 2,800 units that require 11 standard pounds per unit at a $11 standard price per pound. The company actually used 29,900 pounds in production.
a. Work in process =
b. Direct Materials Quantity Variance =
c. Materials =
Question 3: Bellingham Company produces a product that requires nine standard pounds per unit. The standard price is $6.5 per pound. If 3,200 units used 28,200 pounds, which were purchased at $6.63 per pound, what is the direct materials (a) price variance, (b) quantity variance, and (c) cost variance?
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